eXp World (NASDAQ:EXPI) Trading Down 3.9%

eXp World Holdings, Inc. (NASDAQ:EXPI)’s share price was down 3.9% during trading on Friday . The company traded as low as $11.77 and last traded at $11.78. Approximately 327,634 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 1,043,840 shares. The stock had previously closed at $12.26.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on EXPI shares. BTIG Research raised eXp World from a “sell” rating to a “neutral” rating in a report on Tuesday, July 23rd. DA Davidson lifted their price target on eXp World from $11.75 to $13.50 and gave the stock a “neutral” rating in a research note on Thursday, August 1st.

eXp World Trading Down 4.1 %

The firm has a market cap of $1.82 billion, a price-to-earnings ratio of -69.18 and a beta of 2.34. The firm has a 50 day moving average price of $12.41 and a 200-day moving average price of $11.54.

eXp World (NASDAQ:EXPI) last posted its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.30 billion. eXp World had a negative return on equity of 0.56% and a negative net margin of 0.52%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.06 EPS. As a group, equities analysts expect that eXp World Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

eXp World Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 14th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend was Wednesday, August 14th. eXp World’s dividend payout ratio is presently -117.65%.

Insider Buying and Selling

In related news, CEO Glenn Darrel Sanford sold 83,240 shares of eXp World stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $12.80, for a total transaction of $1,065,472.00. Following the completion of the sale, the chief executive officer now owns 41,371,052 shares in the company, valued at approximately $529,549,465.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last quarter, insiders sold 498,430 shares of company stock worth $6,319,335. 35.70% of the stock is owned by corporate insiders.

Institutional Trading of eXp World

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in eXp World by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 12,109,705 shares of the technology company’s stock valued at $125,093,000 after buying an additional 107,303 shares during the period. Renaissance Technologies LLC grew its holdings in eXp World by 6.0% in the 2nd quarter. Renaissance Technologies LLC now owns 1,803,116 shares of the technology company’s stock valued at $20,348,000 after buying an additional 101,600 shares during the period. Millennium Management LLC grew its holdings in eXp World by 91.7% in the 2nd quarter. Millennium Management LLC now owns 1,377,365 shares of the technology company’s stock valued at $15,544,000 after buying an additional 659,012 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of eXp World by 12.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 877,657 shares of the technology company’s stock worth $13,621,000 after purchasing an additional 93,810 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of eXp World by 5.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 710,428 shares of the technology company’s stock worth $8,017,000 after purchasing an additional 36,569 shares during the period. Hedge funds and other institutional investors own 27.17% of the company’s stock.

About eXp World

eXp World Holdings, Inc, together with its subsidiaries, provides cloud-based real estate brokerage services for residential homeowners and homebuyers. The company operates through North American Realty, International Realty, Virbela, and Other Affiliated Services segments. It provides Virbela, a cloud-based technologies that provides data, lead generation, and marketing tools for real estate agents and employees.